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    Property profile & analytics

    724 Main St Meredosia, IL 62665-7310

    • Commercial real estate
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US28-4154894
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 724 Main St

    Lot size
    0.73 lot acres
    Property type
    Commercial real estate
    APN
    01-22-141-003
    APU
    122141003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meredosia
    County
    Morgan
    State
    Illinois
    Longitude
    -90.5552
    Latitude
    39.831
    CBSA code
    27300
    CBSA name
    JACKSONVILLE, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,685
    $2,950
    $54,090
    $57,040
    -
    $8,850
    $162,270
    $171,120

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      139 Washington St

      COMMERCIAL (GENERAL) • 0.17 Acres
      139 Washington St, Meredosia, IL 62665
      View Details
    • Value Estimation by Request
      0.25 Acres

      138 Marion St

      COMMERCIAL (GENERAL) • 0.25 Acres
      138 Marion St, Meredosia, IL 62665
      View Details
    • Value Estimation by Request
      1,220 SF

      Meredosia, IL 62665

      COMMERCIAL (GENERAL) • 1,220 SF
      Meredosia, IL 62665
      View Details
    • Value Estimation by Request
      1,500 SF

      321 Main St

      COMMERCIAL (GENERAL) • 1,500 SF
      321 Main St, Meredosia, IL 62665
      View Details
    • Value Estimation by Request
      2,260 SF

      216 Main St

      COMMERCIAL (GENERAL) • 2,260 SF
      216 Main St, Meredosia, IL 62665-7353
      View Details
    • Value Estimation
      $510,000
      6,510 SF

      Meredosia, IL 62665

      COMMERCIAL (GENERAL) • 6,510 SF
      Meredosia, IL 62665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      800 Washington, Meredosia, IL 62665
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    • $59,000

      Well-Maintained 2 Bed Home

      Move-in ready 2 bed, 2 bath home with workshop/mancave.
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    • Contact for pricing
      0.17 Acres

      Vacant Lot in Meredosia, IL

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    724 Main St
    Meredosia, IL 62665-7310
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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